It is my belief that you have to give more than you get if you want to succeed at work, in business, and in life in general.
From my first job as a flower shop assistant, to my career on Wall Street, to becoming an entrepreneur, and now an author and a coach… I’ve applied this attitude. I believe that NOBODY is below me and I strive to treat people as I would like to be treated as a client, manager, employee or a friend.
It’s increasingly rare to find this attitude in today’s age of entitlement, zero-sum game and “get rich quick” offers.
Very often, people of all ages expect to achieve success by getting more than they give, by expecting and demanding perks and privileges although they have not yet “earned success”. Yes, you need to invest in yourself and give it your all – time, effort, patience, determination, discipline, money – to move toward your goal. Path to success – financial, business, personal, etc. – is not a straight line. Most successful people failed numerous times before they found what works for them, what they can GIVE, what VALUE they can offer to others.
“But how can I GIVE if I am in a financial ditch right now?” you may ask… “I have a BIG vision for my life but how do I get there from where I am now?”
I love when people have big dreams! It’s awesome if you want to make a difference in a world, to become wealthy while doing what you love! But you need to start somewhere and if you are struggling with paying your bills and have growing credit card debt, you may need to start with small baby steps. I love baby steps – they allow you to change the pattern and move in a right direction with manageable effort.
Today I am going to share with you a small step you can take to improve your financial status. It’s not as sexy as dreaming BIG or reading about Law of Attraction (which are important as well). However, if you make an effort to learn about your spending habits and calculate your spending rate, you may change your relationship with money and be on your way to financial freedom in a near future! Yes, it can make a huge difference in your life because AWARENESS, INTENTION and INSPIRED ACTION are the factors that drive you to desired destination.
I invite you to discover two steps to creating a spending strategy—one that allows you to live your best life, free from financial stress and filled with possibilities and joy.
Step 1: Determine the size of your spending jar—your Annual Spending Rate (ASR). Take some time and, using an Excel spreadsheet, list the 12 months of the year along the side and make two columns at the top:
Now, enter your necessary monthly expenses into the Must-Have—Must-Pay column: rent, food, clothes, transportation, utilities, medical insurance, student loans, taxes, etc.
Next, enter your arbitrary monthly expenses into the Nice-to-Have—Choose-to-Pay column: phone, computer, car, gas, transportation, insurance, TV subscription, entertainment, eating out, clothing, etc.
Step 2: Add all monthly amounts from these two columns. This total amount is your ASR.
Once you have your ASR number, make sure that your Nice-to-Have–Choose-to-Pay amount doesn’t increase every year!
If you truly want to achieve financial freedom, you must know your ASR in order to be aware of your spending habits. Your monthly spending rate is very important but I suggest calculating the ASR because there are some annual expenses like home insurance, car insurance and taxes.
Bottom line—make your spending money jar big enough to be able to enjoy life but small enough to allow you to fill your saving and investing money jars fairly quickly.
Read more about ways to achieve Financial Freedom next week.
To Your Heath, Wealth and Freedom!
With Love and Gratitude,
Millen has a way of opening up conversations that not only make you feel safe to talk about money, but her questions have been so profound that they have made immediate shifts in my mindset and my circumstances have changed almost immediately too, including more money showing up, but more importantly, more and more opportunities. I have found new and inspired direction, and am feeling a lot more peaceful and excited about life in general. Millen offers so much value and a solid advice! She is a big picture thinker and it is infectious! Thank you, Millen, from the bottom of my heart and the top of my soul.
Millen Livis is a gift to humanity. Millen is very generous with her time and energy, sharing her vast life experiences and strengths, empowering me to become a better human being. Millen has impacted my life spiritually, emotionally, physically and financially, by her encouragement and clarity. I have not said, “Thank you!” enough.
Millen brings together an interesting mix of feminine wisdom, clear logic, assertiveness and humility in all of her interactions. With her warmth, intelligence, diverse experience and passion for ‘Dare to be the best you could be’ message, she inspires other women to reach for the goals they set for themselves.
Using laser like energy, Millen gives her full attention to your issue and stays with it until a satisfactory resolution or conclusion is reached. Open minded, yet direct and honest, Millen balances objectivity with compassion. It is a joy to work with her!
I would be honored to help you live your best life.
There’s no obligation. Only opportunity.
BEST THINGS come to those who seize the moment and make it their own!